/biz/ - Business & Finance

>>22784363
Look up Tastytrade/Tastyworks and study for a few months before touching options again.
If you're too ADHD to do that, then at the very least:
>Aim for equities which are at least 30% IVR
>Don't short premium on anything that is not liquid, regardless of potential profits
>Scale your buying power with the VIX, the higher VIX reaches the more contracts you want to open
>Be a contrarian, open bearish plays on things that have been green recently and bullish plays on things that have been red recently
>Keep your overall portfolio slightly delta negative weighted to SPY
>Always play defined risk if you do an earnings play unless you have fuck you money so you don't get Zoom'd
>Open non-earnings contracts at around 45 days to expiration, close them at 21 days to expiration or 50% profit, whichever comes first. This mitigates gamma risk.

>>21892391
>does the same shit every week since early july
>every time it pumps anons in SMG fomo in and lose money
heres how to play wkhs:
run strangles/ICs in the 14/19 range until the end of september
at the end of september we will hear news regarding the contract, before then open up straddle positions because wkhs will either go back down to 4 or shoot way up depending on how the contract goes, you win either way